Amid uncertain economic conditions, baby boomers aren’t feeling confident in their retirement plans. In fact, 70% of baby boomers expressed uncertainty over whether their retirement savings were healthy enough to carry them through retirement, according to a study from Retirement Living.
The study, which surveyed 758 American baby boomers aged 59 and older about their financial plans, found that the average retirement savings of respondents came out to a little over $680,000. However, the majority said they’d feel more secure about retiring comfortably if they had around $1.2 million in the bank.
